Church of the Valley Retirement Homes Inc

Analysis

Church of the Valley Retirement Homes Inc is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in April 1963, 63 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Church of the Valley Retirement Homes Inc reported income of $6.4m and spending of $6.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $6.4m (+12%), an average of +2.9% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Church of the Valley Retirement Homes Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Child Care Solutions Inc ($6.4m), Big Brothers Big Sisters of Tampa Bay Inc ($6.4m) and Boys & Girls Club of San Fernando Valley ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $142k (2.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $11.4m against liabilities of $6.5m, net assets of $4.8m. It reported 67 employees.